Five-Year Highlights

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YEAR ENDED DECEMBER 31, 2003   2004   2005   2006   2007   LAST YEAR(4)
CHANGE
Financial Data(1) (Millions, except per share data)
   Total revenues		 $ 6,962     8,549     10,027     9,767     11,362     16 %
   Total expenses and other income, net (2)   4,792     5,490     5,649     6,197     7,138     15 %
      Earnings before income taxes   2,170     3,059     4,378     3,570     4,224     18 %

   Total income tax expense		   453     970     1,481     936     1,078     15 %
      Earnings from continuing operations   1,717     2,089     2,897     2,634     3,146     19 %

   Earnings from discontinued operations		   14     97     33     212     460     118 %
   Cumulative effect of change in accounting principle   16     —     —     —     —     N/M

   Net earnings		   1,747     2,186     2,930     2,846     3,606     27 %
   Preferred stock dividends   10     10     10     10     10     —  
      Net earnings applicable to common stockholders $ 1,737     2,176     2,920     2,836     3,596     27 %

   Net earnings per share:
      Basic		 $ 4.16     4.51     6.38     6.42     8.08     26 %
      Diluted $ 4.04     4.38     6.26     6.34     8.00     26 %

   Weighted average common shares outstanding:
      Basic		   417     482     458     442     445     1 %
      Diluted   433     499     470     448     450     1 %

   Net cash provided by operating activities		 $ 3,768     4,816     5,612     5,993     6,651     11 %

   Cash dividends per common share		 $ 0.10     0.20     0.30     0.45     0.56     24 %
   Closing common share price $ 28.63     39.03     62.54     67.08     88.91     33 %
DECEMBER 31, 2003   2004   2005   2006   2007  
LAST YEAR
CHANGE
   Total assets $ 27,162     30,025     30,273     35,063     41,456     18 %
   Debentures exchangeable into shares of
      Chevron Corporation common stock (3)		 $ 677     692     709     727     641     (12 %)
   Other long-term debt $ 7,903     6,339     5,248     4,841     6,283     30 %
   Stockholders' equity $ 11,056     13,674     14,862     17,442     22,006     26 %
   Working capital (deficit) $ 293     772     1,272     (1,433 )   257     N/M  
YEAR ENDED DECEMBER 31, 2003   2004   2005   2006   2007  
LAST YEAR
CHANGE
Property Data(1)
   Proved reserves (Net of royalties)
      Oil (MMBbls)		   530     484     555     634     677     7 %
      Gas (Bcf)   7,217     7,385     7,192     8,259     8,994     9 %
      NGLs (MMBbls)   209     232     246     275     321     16 %
      Oil, Gas and NGLs (MMBoe)   1,941     1,946     2,000     2,286     2,496     9 %

   Production (Net of royalties)
      Oil (MMBbls)		   47     54     46     42     55     29 %
      Gas (Bcf)   858     883     819     808     863     7 %
      NGLs (MMBbls)   22     24     24     23     26     10 %
      Oil, Gas and NGLs (MMBoe)   211     225     206     200     224     12 %


(1) The years 2003 through 2007 exclude results from operations in Africa that were discontinued in 2006 and 2007. Revenues, expenses and production in 2003 include only eight and one-fourth months attributable to the Ocean merger. All periods have been adjusted to reflect the two-for-one stock split that occurred on November 15, 2004.

(2) Includes other income, which is netted against other expenses.

(3) Devon owns 14.2 million shares of Chevron Corporation common stock. The majority of these shares are on deposit with an exchange agent for possible exchange for $652 million principal amount of exchangeable debentures.

(4) All percentage changes in this table are based on actual figures and not the rounded numbers shown.

N/M Not a meaningful number.